Greiner-Maltz Brokers a $5,800,000 Sale for Property in Long Island City, Queeens

Long Island City, NY, February 8, 2005 - Greiner-Maltz has brokered a $5,800,000.00 sales transaction in Long Island City, NY. A 23,000 sq. ft, 1-story warehouse at 5-15 49th Street has been sold to the Milestone Group for residential development. A 50,000± sq. ft. luxury condominium is planned for the site having a total sellout price of approximately $25,000,000.00. Gary R. Blum, ICSC and John Maltz, SIOR represented both the purchaser and seller in the transaction.

For more information on available properties in the metropolitan area please call John Maltz at 718-786-5050.

About Greiner-Maltz
Since 1953 Greiner-Maltz has been engaged exclusively in the leasing, selling, appraising and managing of industrial, commercial, and investment property in Manhattan, Brooklyn, Queens, Long Island, New Jersey, Westchester, and Connecticut. The firms five offices are actively managed by Principals: John Maltz and Sharone Levy in Brooklyn and Queens; Swain Weiner, metro area investments; Tom Attivissimo in Long Island, Raymond Musalo in New Jersey, and Ayall Schanzer in Westchester.